John Buck Closes 333 S Wabash In $108M Deal

CNA Building, Chicago

The John Buck Co completed its acquisition of CNA's HQ at 333 S Wabash, paving the way for Buck to build CNA's new home at 151 N Franklin. Buck is buying the building in a $108M deal.

Buck signed an LOI for "Big Red" last December. CNA will lease its existing offices (nearly 750k SF) until the new building, CNA Center, is delivered in summer 2018.

CNA Center will be 35 stories and contain 820k SF of office space. 333 S Wabash, built in 1972, is 44 stories and encompasses 1.1M SF.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago

Activist Investor Buys Stake In Empire State Building Owner

San Francisco Office Market Climbs, Fueling Demand For Large Blocks, Luxury Space

Major Movie Studio Campus Breaks Ground: The Chicago Deal Sheet

Affinius Relinquishes Big Office Building Next To Capital One Arena

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

Hedge Fund Breaks NYC Record With $375-Per-SF Office Lease

Renewals Dominate In Years-Low Office Leasing Quarter

Bears Stadium Saga Shifts Toward Potential Public Ownership Play

University City Office Market Improves Despite Slow Quarter In Philly